Billionaire businessman Obinna Iyiegbu, better known as Obi Cubana, is currently facing a challenging time, as seen in a video making the rounds.
On Tuesday, December 9, 2025, court sheriffs executed an eviction order at Plot 81, Ademola Adetokunbo Crescent, Wuse II, Abuja, the building that formerly housed the popular Cubana Lounge.
The property was handed over to businessman Collins Onwuzulike after a court judgment.
In the new video circulating, people were seen removing items from the building, including chairs, sofas, tables, and other valuables belonging to Obi Cubana.
These items were stacked outside the building, while some of the decorations were being taken down from inside the lounge.
How Obi Cubana's court case started
The dispute that the businessman, who marked his birthday a few months ago, is battling dates back to July 2025, when the High Court of the Federal Capital Territory, Gwagwalada, ruled that Onwuzulike, proprietor of SEMC Investment Ltd., was the legitimate owner.
According to court documents, he purchased the property from Reverend Chidiebere Amakaeze for ₦2 billion, supported by a Power of Attorney and Deed of Assignment executed with effect from May 1, 2024.
In its judgment, the court noted that despite completing the purchase and executing the transfer , the buyer had been unable to take possession of the building.
Justice J.A. Aina ordered the defendants to immediately vacate the premises and directed the Inspector General of Police and other security agencies to assist the rightful owner in taking possession.
However, the process was delayed after another group claiming interest in the property secured a temporary restraining order from the FCT High Court, Bwari.
That order has now lapsed - paving the way for Tuesday’s enforcement.
With the successful execution of the eviction, the keys to the building were formally handed over to Onwuzulike’s lawyer, signalling complete possession of the property after months of legal battles.
Obi Cubana Reportedly Loses N800m After Court Action on Lounge, Building May Be Demolished
More details have emerged about the amount Obi Cubana reportedly lost after the court took action on the building that housed his lounge – The businessman’s landlord had been in a land tussle for quite a while, and he was later evicted from the property.
Part of the amount Nigerian billionaire businessman, Obinna Iyiegbu, better known as Obi Cubana, reportedly lost after the court took action on his lounge in Abuja has surfaced online.
The embattled businessman has been facing a challenging time over the property he rented in Abuja for one of his many businesses.
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